Summary - 105 HIGH NORTHGATE DARLINGTON DL1 1UJ
5 bed 3 bath Terraced
**Standout Features:**
- **Excellent Investment Opportunity:** Comprising three self-contained apartments with sitting tenants.
- **Strong Rental Income:** Generates a total of £1,255 per month, equating to £15,060 annually.
- **Attractive Gross Yield:** Offers a 7.17% rental yield with an asking price of £210,000.
- **Diverse Unit Mix:** Includes two 1-bedroom flats and one spacious 3-bedroom flat.
- **Central Location:** Convenient access to local amenities and public transport.
**Potential Concerns:**
- **High Crime Rate:** The local area has a higher crime rate than average.
- **Area Deprivation:** Classified as very deprived, indicating potential challenges in the neighborhood.
- **Maintenance Needs:** As a mid-terraced property, it may require upkeep, especially given its age (built between 1900-1929).
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Discover a lucrative investment opportunity in this mid-terraced house located on High Northgate, Darlington. With three self-contained apartments already tenanted, this property ensures an immediate income stream totaling £1,255 a month. Boasting a gross yield of 7.17%, it's an attractive choice for investors looking to maximize returns. The diverse mix of units—two 1-bedroom flats and one spacious 3-bedroom flat—caters to a wide rental audience.
While the property stands out for its income potential, it's important to note the area's high crime rate and overall deprivation levels, which might affect future tenant stability. Additionally, the Victorian-style home, with its charming bay window and solid brick construction, may need some maintenance to uphold its appeal. Yet its central location means you're just minutes away from essential amenities including shops, cafes, and public transport. This ready-made investment is a rare find—don't miss out on securing a steady rental income in a promising market!
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